#Wall #Street #Analysts #Intels #Stock #Ahead #Earnings
Key takeaways
- Intel is scheduled to announce its earnings after the market closes on Thursday.
- Analysts expect the chipmaker to swing to a loss and Intel’s revenue to decline year over year.
- Analysts expect revenue to decline 8% year over year to about $13 billion, along with a net loss of $955 million, or 23 cents per share.
Intel’s (INTC) third-quarter results are scheduled to be released after the closing bell on Thursday. Analysts are not optimistic about the struggling chipmaker, with Wall Street generally calling for a loss and expecting relatively little upside for the shares.
Of the 17 Intel-focused brokers tracked by Visible Alpha, 13 have “hold” ratings, compared to three “sell” ratings and just one “buy” rating. Intel stock has lost more than half its value this year, ending Tuesday at $22.90. The consensus target price is $25.87, about a 13% premium to today’s close.
Wedbush analysts said they “expect a not-so-happy Halloween” for Intel. The PC market has slowed, the company said, and Intel is at a disadvantage against its Advanced Micro Devices (AMD) rivals when it comes to the server market.
Intel’s revenue and net loss as seen by analysts
Analysts expect revenue to decline 8% year over year to $13.03 billion, along with a net loss of $955 million, or 23 cents per share, according to Visible Alpha. Analysts expect revenue to decline 8% year over year to $13.03 billion, along with a net loss of $955 million, or 23 cents per share.
Wedbush is so skeptical that Intel will meet or exceed those expectations, that the company said the company’s only hope of achieving third-quarter results is that it has been “very conservative with its forecasts.” [most recent] Expectations, even adverse conditions for multiple actions are not enough to cause an error.
#Wall #Street #Analysts #Intels #Stock #Ahead #Earnings
